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McKinsey is considering rejecting his internal manager of MIO Partners, who invests a private wealth of higher staff and alumni consulting companies.
The company announced that she hired Ardea Partners, a boutique investment bank founded by former Goldman Sachs Dealmakers, for a strategic MIO strategic exam polemics through potential conflicts of interest with McKinsey’s advisory work.
Mio has grown to manage $ 23 billion in assets. These include pensions of nests of current McKinsey partner, but the unit also resolves the wealth of the wide net of Alumni and their families.
2021. The US Securities and Exchange Commission monetary $ 18 millionstating that he had inadequate internal controls and that partners who routinely monitored MIO’s choice of investment had access to confidential information on financial results, contracts and financing plans.
The SEC’s fine was followed by the Financial Times in 2016, which revealed the details of MIO’s secret operations and asked questions about how the information collected from the investment decisions influenced.
The job has since renewed its management and says that MIO’s operations are “intentionally separated” from the consulting hand.
McKinsey said his strategic examination would consider the relationship between MIO and the company “to ensure that he reconcile with the best long-term interests of McKinsey’s and Mi’s clients.”
He said he would “assess different strategic instructions and alternative ownership structures”, but also ensure “the continuity of their management, investment and advisory teams”.
“The successful outcome will enable MIO to expand its operation of operations and take advantage of its ability to create values for its investors,” he added.
In recent years, the rules of management intended to prevent potential conflicts of interest have meant that MIO does not invest in individual shares or bonds of any public or private company.
Instead, the strategies of macro trading strategies that include asset trading classes such as state debt, goods, foreign currency, ownership indexes and credit indexes, according to his website, showing regulatory applications that he invests in large management of funds.
